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Bitcoin: Are we ready for the next crypto bull run?

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Let's discuss some points which prove that the next bull run of the bitcoin and crypto market is going to arrive very soon and we should be ready for that.

The crypto world has been suffering from a bear run for last one year. It has reached to a ground level after its historic peak in 2017. The value of various cryptocurrencies has been dropped significantly. Now, as the trend of any financial market, a bull run is expected after the bear run. Since the bear market achieved by crypto space is so big, a bull run is unavoidable to come. But the confusion was when? It could have been tomorrow or after some months or some years. But if we go through the recent trends of the crypto space, the next bull run is going to arrive very soon.

Let’s discuss some points which prove that the next bull run of the crypto market is going to arrive very soon and we should be ready for that.

 

1. Improvement in the value of bitcoin and other cryptocurrencies in the last 24 hours:

Slowly but gradually, bitcoin has started to rise once again. If we discuss the value of bitcoin on 18 February 2019, it started on $3574 on the mid-night and by the end of the day, the value had an increment of $376, reaching at $3950. This is indeed a good sign for both the bitcoin as well as the crypto space. Even if we talk about the monthly comparison, it was $3441 at the starting of this year.  If we focus on the second largest cryptocurrency, Ethereum has also visited a growth of around 17% on 18 February 2018, reaching around $147 from $126. Not only the above two, rather other cryptocurrencies like Ripple XRP, Litecoin etc. also have started to rise. This significant rising in the value of several cryptocurrencies could be a sign of returning of bull run of the crypto market. This means that the bull market of crypto space is on the verge to arrive and we should be ready for it.

 

2. The chances of the stock market to crash:

Another prominent reason for the blossom of the bull run of the crypto market is the prediction of crashing of the stock market and that too soon. There have been the signs that the stock market would crash this year but the signs of crashing have increased significantly. The stock market has seen various factors such as high volatility in recent days, the high-interest rates in US etc. These factors are the sign of crashing of the stock market. Since, there is an inverse relationship between the stock market and the crypto market, with the soon crashing of the stock market, one can assume that the next bull run of the crypto market is going to hit very soon and the investors should be prepared about this.

 

3. History of bear run and bull run in crypto history:

Bear run and bull run- both are the two faces of a coin. One goes and one arrives. If we carefully look at the history of bitcoin from 2009 till today, we can get the trends it has followed in the past. The first bull run it faced after being invented was in mid-2011 when the price rose from $1 in April 2011 to $31 in July 2011. Then a bear run was faced after that it lasted around one year when the value went down to $2.00. Again after this bear run, a massive bull run returned rising bitcoin to $1200 in 2013. After February 2014, again a bear run came and lasted till early 2015 and the price falling down to $200. And again the historical bull run came and led it to $19000 in 2017. After that, the crypto space is facing a bear run. So, if we look at these historical data, we get to know that it’s time for the next bull run and we must be ready for that.

 

4. The reason for big firms entering the crypto space:

The crypto space has not been limited to just small and new companies only. The tech giants are taking the interest in this and this may be the sign that they have understood that the next bull run in so close. If we talk about Microsoft, it in on its way to launch and collaborate with Bakkt, there are also sgn of Apple working on blockchain etc. Recently, JP Morgan has also launched one of its stable digital coins. The trade analyst of these mega giants companies has understood that the next bull run can return anytime and you should also be ready for that.

 

Every element of crypto space is waiting for the bull run to return in the crypto space. The investors, the traders, the cryptocurrencies, big firms etc. all are waiting for the next bull run and if we consider the latest trends such like of above-mentioned ones, you must be ready for the next bull run of crypto market and bitcoin.

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Alert: GotSatoshi Reveals the Real Identity of Satoshi Nakamoto?

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A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.Here is what they revelead.

The identity of Satoshi Nakamoto is one of the biggest secrets in the world, especially in the cryptocurrency industry. A lot of people have speculated the real identity of the bitcoin founder and some people such as Craig Wright has even self-proclaimed themselves to be Satoshi Nakamoto. A new website called GotSatoshi now claims to know the real identity of the founder bitcoin Satoshi Nakamoto.

 

Where in the world is Satoshi: The Countdown ends

The website ran a countdown and also posted on their official twitter account claiming to know the real identity of the founder of bitcoin.

 

The countdown which ended just a few minutes back (from the time of publication) revealed a video which is actually marketing a news website called PaiNews. It seems that it was just another joke or a method of fooling and attracting traffic to the website.

 

What are your thoughts on such lame jokes or methods of attracting traffic? Tell us in the comments section below.

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Kevin O’Leary from Shark Tank calls Bitcoin: Garbage and a Useless Currency

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During an interview with the CNBC, Kevin O'Leary from Shark Tank said that according to him Bitcoin is garbage and a useless currency.

During an interview with the CNBC, Kevin O’Leary from Shark Tank said that according to him Bitcoin is garbage and a useless currency.

 

Kevin O’Leary calls Bitcoin Worthless

Famous as the founder of Softkey, a startup that earns annual revenue of around $29 million and a host on the American business reality series Shark Tank, Kevin O’Leary is a celebrity amongst the business class in the United States of America.

 

During the interview published on 14th May 2019, Kevin expressed his thoughts over the king of cryptocurrencies bitcoin and called it a useless currency as the people who accept it just wants to hedge against the high volatility of the virtual currency. This comes in the midst of the current bitcoin surge as the virtual currency doubled its value in just a few days from below $4000 to more than $8000.

 

Kevin also explained why he has such negative views on bitcoin giving the instance of how once he tried using bitcoin for a real estate transaction in Switzerland. He said that it is not possible to get in and out of bitcoin while transacting in huge amounts.

 

He also gave an example stating that if one wants to buy real estate in Switzerland for $10 million. The seller wants a guarantee that the value comes back to him as currency at ten and the buyer has to hedge the risk of the cryptocurrency, hence it is not a real currency. Kevin said that the seller or the receiver would never want to take the risk of such high volatility and thus BTC is worthless.

 

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Amazon Owned Whole Foods, Other Big Retailers Start Accepting Bitcoin

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Whole Foods, which is owned and operated by the e-commerce giant Amazon and other big retailers are now going to accept payments in bitcoin.

Whole Foods, which is owned and operated by the e-commerce giant Amazon and other big retailers are now going to accept payments in bitcoin.

 

Whole Foods and Others accepting Bitcoin using Spedn:

A company called Flexa in collaboration with Gemini exchange which is owned by the Winklevoss Twins has managed to persuade a lot of big retailers including Nordstrom, Crate and Barrel & Whole Foods to configure the same scanners that they are already using for payments from other digital wallets like Apple Pay to work with their cryptocurrency payments app called Spedn.

 


Everything is handled on the backend of the application so that the cashier need not even have heard of bitcoin, let alone understand how to manage payment in cryptocurrency. The merchant has the choice in receiving immediately converted fiat or actually taking and holding the cryptocurrency.

 

The Spedn app lets consumers pay in bitcoin, bitcoin cash, ethereum and GUSD (Gemini Dollar), the Gemini backed stablecoin.

 

This new solution actually uses the existing systems and offers really only upsides for the companies as they don’t have to do any special training for their staff and there is no new hardware required and just a software upgrade.

 

It is worth noting that this is still in its early experimental stages for all the retailers which are cooperating with this scheme and things may of course change in the future. The thing to keep in mind here is that Bakkt is likely launching a massive payment processing service for cryptocurrency in the very near future as well and it could be a big competitor to what Gemini and Flexa are offering.

 

The company will also need to prove itself with consumers and get people to actually go out, download and use the Spedn app.

 

Can this be a game changer in retailer adoption of bitcoin and cryptocurrencies? Let us know about your thoughts in the comments section below.

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